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ASAHI NetTSE:3834 +0.32%75 Return-on-Tangible-Asset is 8.89% as of Mar. 2026, which is 15% below its 10-year median of 10.46. GuruFocus rates TSE:3834 with a GF Score™ of 75/100 and a GF Value™ of 円754.40 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 368 Telecommunication Services companies, ASAHI Net ranks better than 85.33% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. ASAHI Net's annualizedNet Income for the quarter that ended in Mar. 2026 was 円928 Mil. ASAHI Net's average total tangible assets for the quarter that ended in Mar. 2026 was 円10,436 Mil. Therefore, ASAHI Net's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.89%.
The historical rank and industry rank for ASAHI Net's Return-on-Tangible-Asset or its related term are showing as below:
TSE:3834'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.52 Med: 10.46 Max: 14.52
Current: 11.86
During the past 13 years, ASAHI Net's highest Return-on-Tangible-Asset was 14.52%. The lowest was 5.52%. And the median was 10.46%.
TSE:3834's Return-on-Tangible-Asset is ranked better than 85.33% of 368
companies
in the Telecommunication Services industry
Industry Median: 3.45
vs TSE:3834: 11.86
ASAHI Net (TSE:3834) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
ASAHI Net Return-on-Tangible-Asset Related Terms
ASAHI Net Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for ASAHI Net's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TSE:3834 vs VZ, TMUS, T: Return-on-Tangible-Asset Comparison
For the Telecom Services subindustry, ASAHI Net's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
ASAHI Net Return-on-Tangible-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, ASAHI Net's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ASAHI Net's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 8.89% mean?
ASAHI Net (TSE:3834) has a Return-on-Tangible-Asset of 8.89% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on ASAHI Net and its competitors. This is 15% below median its historical median of 10.46. Over the past decade, ASAHI Net's Return-on-Tangible-Asset has ranged from 5.52 to 14.52. According to the industry distribution chart, ASAHI Net ranks #54 out of 368 companies in the Telecommunication Services industry, placing it in the top 14.7%.
Is ASAHI Net's Return-on-Tangible-Asset too high?
ASAHI Net's current Return-on-Tangible-Asset of 8.89% is 15% below median its 10-year median of 10.46. Over the past 10 years, this metric has ranged from a low of 5.52 to a high of 14.52. The Telecommunication Services industry median Return-on-Tangible-Asset is 3.45. ASAHI Net's value of 8.89% is 157.7% above this industry median. Based on the distribution chart, ASAHI Net ranks #54 out of 368 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, ASAHI Net has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ASAHI Net's Return-on-Tangible-Asset compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, ASAHI Net ranks #54 out of 368 companies for Return-on-Tangible-Asset. This places ASAHI Net in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.45. ASAHI Net's value of 8.89% is 157.7% above this benchmark. Historically, ASAHI Net's own Return-on-Tangible-Asset has ranged from 5.52 to 14.52 over the past decade. While the company's 10-year median is 10.46 vs. the industry median of 3.45, ASAHI Net has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Telecommunication Services company?
The median Return-on-Tangible-Asset among Telecommunication Services companies is 3.45, based on 368 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ASAHI Net's current Return-on-Tangible-Asset of 8.89% is 157.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on ASAHI Net and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Asset is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASAHI Net's current Return-on-Tangible-Asset is 8.89%, which is 15% below median its own 10-year median of 10.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASAHI Net stock overvalued right now?
Based on GuruFocus' analysis, ASAHI Net (TSE:3834) is currently considered Modestly Undervalued. The stock's GF Value™ is 円754.40, compared to a current price of 円625.00 — trading 17.2% below its estimated fair value. The current Return-on-Tangible-Asset is 8.89%, which is 15% below median its 10-year median of 10.46 and 157.7% above the Telecommunication Services industry median of 3.45. ASAHI Net's overall GF Score™ is 75/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For ASAHI Net (TSE:3834), the current Return-on-Tangible-Asset is 8.89% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ASAHI Net (TSE:3834) Overvalued in 2026?
Based on GuruFocus' analysis, ASAHI Net stock appears to be undervalued.
The current stock price of 円625.00 is trading 17.2% below its estimated GF Value™ of 円754.40.
GuruFocus considers ASAHI Net to be Modestly Undervalued.
Key valuation signals for TSE:3834:
Return-on-Tangible-Asset: 8.89% (15% below median its 10-year median of 10.46)
GF Value™: 円754.40 vs. price of 円625.00 (17.2% below fair value)
Industry Position: 157.7% above the Telecommunication Services median (#54 of 368)
No single metric tells the full story. See the TSE:3834 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ASAHI Net Inc is a Japan-based internet service provider. The company mainly offers internet connection services using fiber-optic technology and mobile networks, live survey system respon, system maintenance, and manufacturer maintenance. The company also provides learning management system named manaba.
75GF Score
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